MDU Resources Group, Inc. (NYSE:MDU) Shares Sold by ICA Group Wealth Management LLC

ICA Group Wealth Management LLC decreased its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 66.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,492 shares of the utilities provider’s stock after selling 10,769 shares during the period. ICA Group Wealth Management LLC’s holdings in MDU Resources Group were worth $138,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BOKF NA raised its stake in MDU Resources Group by 4.1% in the 1st quarter. BOKF NA now owns 14,794 shares of the utilities provider’s stock valued at $377,000 after purchasing an additional 579 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of MDU Resources Group by 1.8% during the second quarter. SummerHaven Investment Management LLC now owns 34,869 shares of the utilities provider’s stock valued at $875,000 after buying an additional 606 shares during the period. Retirement Systems of Alabama boosted its position in MDU Resources Group by 0.3% during the first quarter. Retirement Systems of Alabama now owns 255,718 shares of the utilities provider’s stock worth $6,444,000 after acquiring an additional 671 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of MDU Resources Group by 0.4% during the first quarter. Texas Permanent School Fund Corp now owns 176,622 shares of the utilities provider’s stock worth $4,451,000 after purchasing an additional 708 shares during the last quarter. Finally, Hudson Value Partners LLC boosted its stake in MDU Resources Group by 0.4% in the 1st quarter. Hudson Value Partners LLC now owns 210,808 shares of the utilities provider’s stock worth $5,312,000 after buying an additional 782 shares during the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MDU. Argus raised shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Monday, May 20th. StockNews.com cut MDU Resources Group from a “buy” rating to a “hold” rating in a report on Friday, July 26th.

MDU Resources Group Trading Up 7.2 %

Shares of MDU stock opened at $27.41 on Monday. MDU Resources Group, Inc. has a fifty-two week low of $18.04 and a fifty-two week high of $27.75. The firm’s 50 day moving average price is $25.45 and its two-hundred day moving average price is $24.78. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 2.70 and a beta of 0.77. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 0.73.

MDU Resources Group (NYSE:MDU) last posted its earnings results on Thursday, August 8th. The utilities provider reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.11. MDU Resources Group had a net margin of 9.25% and a return on equity of 11.29%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the business posted $0.29 EPS. The business’s quarterly revenue was down 4.0% on a year-over-year basis. On average, analysts anticipate that MDU Resources Group, Inc. will post 1.55 EPS for the current year.

MDU Resources Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Thursday, September 12th will be paid a $0.13 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.90%. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.13. MDU Resources Group’s dividend payout ratio (DPR) is 21.37%.

MDU Resources Group Profile

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 distribution substations.